Rivian Q3 2026 Earnings: Revenue Up 38% as R2 Becomes Best-Seller

Rivian reported its Q3 2026 financial results, showing a 38% year-over-year increase in revenue to $2.155 billion. The company stated that the R2 vehicle has become its best-selling model during its first full quarter of deliveries. While the overall revenue and record delivery figures exceeded Wall Street expectations, the automotive segment continues to record losses as production scales up.

According to reported figures, Rivian built 19,751 vehicles and delivered 19,248 during the quarter, marking a 46% increase in deliveries compared to the previous year.

Financial Breakdown and Segment Performance

• Total Revenue: $2.155 billion, up 38% year-over-year.
• Automotive Revenue: $1.550 billion, up 36%.
• Software and Services Revenue: $605 million, up 45%.
• Adjusted EBITDA Loss: -$435 million, compared to -$602 million in the same period last year.
• Cash and Short-Term Investments: $5.502 billion at the end of the quarter.

While software and services generated a gross profit, supported heavily by the joint venture with Volkswagen Group, the core automotive segment posted an $80 million gross loss (-5% margin). Rivian noted that the R2 production ramp added approximately $120 million in extra costs, though cost of goods sold per unit decreased quarter-over-quarter as production efficiency improved.

Updated 2026 Guidance and Outlook

Rivian raised its full-year 2026 guidance metrics following the quarterly results:

• Deliveries: Updated to a range of 67,000 to 70,000 vehicles.
• Adjusted EBITDA: Expected between -$1.85 billion and -$1.75 billion.
• Capital Expenditures: Projected between $1.40 billion and $1.50 billion.

Verification and Practical Implications

Readers can verify the official financial details and future guidance updates by reviewing Rivian’s official investor relations disclosures and SEC filings. For electric vehicle owners exploring home charging solutions, utilizing vetted comparison platforms like EnergySage can help assess home solar installation costs to potentially offset electricity expenses.